Crypto’s ecosystem for $ 12.4 billion, such as AI, and new fraudule
Currency fraud on the right path to reach 12.4 billion dollars in 2024, with artificial investment plans and advanced investment plans, according to new data from Blockchain Analysis Company.
The encryption investment fraud is scheduled to reach $ 12.4 billion in 2024
The company’s latest report reveals that the coded currency fraud has already accumulated 9.9 billion dollars of illegal revenues this year, with high -yielding investment plans with “swine slaughter”, which represents more than 83 % of coding fraud revenue.
High -return investment fraud operations remained the dominant form of fraud in encryption, which represents 50.2 % of the total revenue of the fraud in 2024. However, these plans witnessed a 36.6 % decrease from the previous year, where the fraudsters have increased in more than more Of the processes of “pigs of pigs”, which, which grew by about 40 % on an annual basis.
“While education is important, we cannot educate our way out of this problem, but the change is possible through the status of the organization in force to protect consumers,” commented Clark Flint Bar, Director of Government Affairs, Aarp Financial Security.
In August last year, Chainalysis reported that the infiltrators stole nearly $ 1.6 billion of cryptocurrencies during the first eight months of 2024 – at least matching the stolen total amount throughout 2023.
1/10 today, we have published our fraud department from the Crypto Crime report, and it reveals that 2⃣0⃣2⃣4⃣ is scheduled to be a record year for those who have scales. What did we also find? We have withdrawn some of the most interesting characters in 🧵thread below 👇
Acting cryptocurrencies are 40 %, as fraudsters target retailers
The rise of artificial intelligence has significantly reduced the barriers that prevent fraudsters. Chainalysis has found that artificial intelligence sellers on illegal platforms have seen a 1900 % growth growth since 2021, allowing fraudsters to create more convincing and automatic frauds.
“Genai amplifies fraud, which is the main threat to financial institutions, by empowering higher, low -cost fraud, and developmental fraud that takes advantage of human weaknesses,” said Foyax, head of fraud products in the series analysis and co -founder of Almya. “It facilitates the creation of artificial and false identities, allowing those who are fraudulent to impersonate real users and bypass the identity control items.”
“In addition, Genai enables the generation of realistic fake content, including web sites and menus, of energy investments, the purchase of fraud, and more, which makes these attacks more convincing and more difficult to discover them,” said Fouks.
One of the prominent cases included Smart Business Corp, a Bonzi scheme that is a decade -old, targeting Spanish -speaking countries, which received $ 1.5 billion of cryptocurrencies after promising large returns through the gradual investment scheme.
7/10 in 2024, Scam Huione technology sellers received at least $ 375.9 million from the encrypted currency. 🤖 The revenue of the AI service sellers has achieved an annual growth rate of 1900 % between 2021-2024, indicating the presence of 💣explosion in the use of artificial intelligence technology to facilitate fraud. pic.twitter.com/juocykey9
Bitcoin is expensive = more fraud operations
The increase in encryption prices, in addition to increasing the interest of the retail investor in the wake of the recent market gatherings, led to an ideal environment for the scammers. Series analysis data shows that fraud operations are increasingly interconnected, as advanced infrastructure providers provide solutions to ambitious scammers.
“We see a worrying trend as the fraudsters re -invest their profits in artificial intelligence technology to implement new plans,” explains Eric Hinz, a global analyst at the International Justice Mission. “The course is usually repeated every 20-27 days, indicating a very organized and effective process.”
Law enforcement agencies are fighting all over the world to keep pace with the advanced threat. The Internet Crime Complaints Center of the FBI reported that suspicious activity reports related to the encrypted currency have increased by 43 % since 2020, with the elderly victims in particular for these plans.
A separate report on Cyvers revealed that 3 out of 4 encryption thieves are still not prohibited, walking away with more than a billion dollars obtained through fraudulent means.
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